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AWK American Water Works Co News Story

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Essential Utilities up after American Water to buy co in all-stock deal

** Shares of Essential Utilities WTRG.N up 1.9% to about $42 in premarket trading

** American Water Works AWK.N shares down 1.2%

** American Water Works AWK.N to buy WTRG in an all-stock deal valued at over $12 billion, according to Reuters calculations

** AWK shareholders will own 69% and WTRG shareholders will own 31% of the combined co

** Combined co to be valued at about $63 bln, including debt

** YTD, WTRG up 13.5%, AWK up 13.7%

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)

 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))

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